Q61
The stores keeper should initiate a purchase requisition when stock reaches ________.
A.
Average stock level
B.
Minimum stock level
C.
Maximum stock level
D.
Re-order level
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The stores keeper should initiate a purchase requisition when stock reaches Re-order level. Reorder level (or reorder point) is the inventory level at which a company would place a new order or start a new manufacturing run.